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FEDERAL RESERVE BOARD WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE TO T H E FEDERAL RESERVE BOARD ' X-4617 June 14, 1926. SUBJECT: Expense Main Line, Leased Wire System, May, 1926. Dear S i r : Enclosed herewith you w i l l f i n d two mimeograph statements, X-4617-a and X-4617-b, covering in d e t a i l operations of the main l i n e , Leased Wire System, during the month of May, 1926. Please c r e d i t the amount payable by your bank i n the general account, Treasurer, U, S», on your books, and issue d/B Form 1, National Banks, f o r account of "Salaries and Expenses, Federal Reserve Board, Special Fund", Leased Wire System, sending duplicate C/D to the f e d e r a l Reserve Board. Yours very t r u l y , Fiscal Agent» TO G-0VECTORS OF ALL F. E, BAMS 2XC£p* CHICAGO (fine lo stir ed) X-46l7-a REPORT SHOWING CLASSIFICATION AND NUMBER OF WORDS TRANSMITTED OVER MAIN LINE OF THE FEDERAL RESERVE LEASED WIRE SYSTEM FOR THE MONTH OF MAY, 1926 "™ Business reported. by banks prom Boston New York Philadelphia Cleveland Richmond Atlanta Chicago S t , Louis Minneapolis Kansas City Dallas San Francisco Total Words sent by New York chargeable to other F. R. Banks(l) Total Treasury Dept. Business 33,589 68,983 50,966 96,885 1,096 1,457 3,168 1,787 29,895 123,133 37,448 71,009 45,612 60,877 96,491 72,381 34,685 70,440 54,134 93,672 3,266 5,153 3,083 3,129 2,983 3,548 4,771 3,610 1,529 3,131 1,728 5,015 778,579 16,198 794,777 40,946 288,216 1,082,993 , 23,181 64,127 342 29,553 123,133 37,124 70,163 44,i60 58,183 94,739 324 846 1,452 2,694 1,692 71,041 F.R.Board Total Per cent of t o t a l - 1,340 100# War Finance Corporation Business 5.92# — - - — - Net Fed* Reserve Bank Business 26,629 117,980 34,365 67,880 42,629 57,329 91,720 68,771 33,156 67,309 52,406 , 93,657 753,831 J 5 1 153 .01# Per cent of t o t a l bank Business (*) 3-53 15.65 4.56 9.00 5< 66 7.61 * 12.17 9-12 4.40 8*93 6.95 12.42 100.00# 264,882 1,018,713 94.07# (*) These percentages used i n c a l c u l a t i n g the pro r a t a share of leased wire expense as shorn on the accompanying statement (X-4bl7-b) ( l ) Number of words sent by New York to other F. R. Banks f o r t h e i r sole b e n e f i t charged to banks indicated, in accordance w i t h action taken a t Governors' Conference November 2 - 4, 1925• CO x-46iy-b REPORT OF EXPENSE MAIN LINE FEDERAL RESERVE LEASED WIRE SYSTEM, MAY, 1926. Name of Bank Operators' Salaries $ 260.00 Boston 944.16 Hew York 216.66 Philadelphia Cleveland 284.50 Richmond 192.50 Atlanta 255.00 Chicago (#)3,976.19 S t . Louis 200.00 Minneapolis I83.34 K a n sa s C i t y 275-64 Dallas 251.00 San F r a n c i s c o 360.00 F e d e r a l R e s e r v e Board Total (&) (*) (a) (b) $7,398.99 Operators 1 Overtime Wire Rental Total Expenses $15,353.48 $ 260.00 944,16 216.66 284.50 192.50 255-00 3,976.19 200.00 183.34 275.64 251.OO 360.00 15,353.48 $15,353.48 $22,752.47 (a)l,351.12 $21,401.35 Pro r a t a S h a r e of Total Expense $ 755.47 3.349.31 975-90 1,926.12 1.211.32 1,628.64 2,604.55 1,951.80 941.66 1,911.14 1,487.39 2,658.05 Credits payable to Federal Reserve Board $ 260.00 $ 495.47 944.16 2,405-15 216.66 759-24 1,641.62 284.50 192.50(&) 1 , 2 2 3 - 4 9 1,373-64 255-00 3,976.19(*) 1,371.64 1,751-80 200.00 183.34 758.32 1,635.50 275*64 251.00 1,236.39 2,298.05 360.00 $21,401.35 $7,398.99 $15,578.67 (b)l,371.64 $14,207.03 I n c l u d e s $204.67 f o r b r a n c h l i n e b u s i n e s s t r a n s m i t t e d over main l i n e c i r c u i t . I n c l u d e s s a l a r i e s of W&shington o p e r a t o r s . Credit. Received $ 3 . 8 8 f r o m Tar F i n a n c e C o r p . , and $1,347*24 f r o m T r e a s u r y D e p t . , c o v e r i n g b u s i n e s s f o r mcnth of May, 1926. Amount r e i m b u r s a b l e t o Chicago.
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